Gold Movement
Gold prices traded 0.48% higher against the USD in the 24-hour period ending 23:00GMT, at USD1358.70 per ounce, reversing its previous session losses, as the ongoing uncertainty following Britain’s vote to leave the European Union renewed investors’ appetite for the safe-haven asset.
In the Asian session, at GMT0300, the pair is trading at 1370, with the gold trading 0.83% higher from yesterday’s close.
The pair is expected to find support at 1351.17, and a fall through could take it to the next support level of 1332.33. The pair is expected to find its first resistance at 1381.27, and a rise through could take it to the next resistance level of 1392.53.
The yellow metal is trading above its 20 Hr and 50 Hr moving averages.
